Love that Doug, Haven’t thought of this one. Thanks.
[QUOTE=Doug Pretorius;882610]Sandwich lease options. Same as the last 11 years.
Nothing really changes, the market goes up and it goes down, people lose their jobs, others start businesses, some marry, others divorce. Through it all they need to buy, sell and rent a roof to sleep under.
You can be as dumb as a brick and have the personality of a turnip, but if you talk to enough people, you will get a deal. Heck, I bet there is someone in your town right this minute who will deed you their house purely out of sympathy for the ‘new guy’!
OK maybe I’m being a little snide. Let me give you something that is absolutely guaranteed to work wherever you are…
Go to craigslist.org or fsbo.com or whatever and search for houses you like.
Call the number advertised and say this:
“Hi, I’m yanjim100, I see your house is for sale…would you consider renting it to me for a couple of years and letting me buy it later? You know, like a rent-to-own?”
Roughly 30 out of every 100 people you talk to will say yes. Get off the phone with the other 70 as fast as possible by politely saying: “Thankyouverymuchforyourtime.” and hang up (yes run the sentence together like it’s a single word).
To the 30 qualified folks say this:
“Awesome. How much rent do you need?”
About 10 or so of those 30 will give you a number you can work with. Get off the phone with the other 20 the same as the 70 above.
To the remaining 10 say this:
“I can come by tonight at 6 or tomorrow at 3 to take a look, which is better for you?”
And finally, once you’ve got your appointment scheduled, say this:
“Oh yeah, I almost forgot, I’ll send over this rent to own agreement I have for you to look over before we meet, what’s your email address?”
Don’t forgot to put your complete offer on the contract before you email it.
If you’re picky I can pretty much 100% guarantee you that you will end up with at least 1 signed lease option deal if you do the above. If you’re not picky you’ll probably end up with 3 or 4.
Now go buy some blank yellow coroplast from a local sign shop and a big fat black permanent marker from an office supply store and write in big letters on the coroplast:
RENT TO OWN
Stick a bunch of those signs up around the neighborhood where the house is located.
Record this on your voicemail:
Rent to own your dream home with no bank qualifying! 123 Moneytree St. Buckstown, US is a 3 bed 2 bath ranch with ceramic in the entrance and hardwood in the livingroom. New roof last year, furnace and AC in '09, kitchen reno’ed in '08. Freshly painted in neutral tones and ready to move in today. You can OWN this home with good credit, bad credit or no credit even if you just started a new job for only $15,000 down and $2,000 per month. Drive by 123 Moneytree St. and if you like the house and the area call me back for an appointment to view."
When you talk to the buyers say this:
“Have you driven by the house? Do you have the $15,000 in your bank right now? Are you comfortable with the $2,000 per month with your current income?”
If their answers to those questions aren’t an empathic “YES!” tell them to get back to you when they’ve done what they need to do.
To the remaining buyers say this:
“I can show you the house at 7 tonight or 4 tomorrow, which is better for you?”
When you have an appointment set say this:
“Please bring your checkbook for the $1,000 deposit to hold the home if you like it. And $50 in cash for each applicant. That would be you and your spouse or any co-signer.”
Run your applicants by a mortgage broker to see how much they lied…er…I mean, how long it will take them to get a mortgage. And pick the best one.
Call them back and say:
“Congraulations! The house is yours! I’ll need the remaining $14,000 in certified funds by Friday and the $2,000 for your first month’s rent by the 1st when we’ll meet at the house and you’ll get the keys to your new home.”
That’s it. Deal #1 done. Now just go back to step 1 and start all over.
BTW I just gave you a $10,000 5-day real estate seminar for free, I hope you make use of it, my fingers are sore from typing.[/QUOTE]